Creative Planning Sells 17,845 Shares of Goldman Sachs BDC, Inc. $GSBD

Creative Planning reduced its position in Goldman Sachs BDC, Inc. (NYSE:GSBD) by 7.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 226,889 shares of the financial services provider’s stock after selling 17,845 shares during the period. Creative Planning owned 0.19% of Goldman Sachs BDC worth $2,553,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Nicholas Hoffman & Company LLC. lifted its position in Goldman Sachs BDC by 5.1% during the first quarter. Nicholas Hoffman & Company LLC. now owns 19,291 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 938 shares during the last quarter. Kraematon Investment Advisors Inc. lifted its holdings in shares of Goldman Sachs BDC by 1.6% during the 2nd quarter. Kraematon Investment Advisors Inc. now owns 61,331 shares of the financial services provider’s stock valued at $690,000 after purchasing an additional 969 shares during the last quarter. Garde Capital Inc. boosted its position in shares of Goldman Sachs BDC by 1.0% in the 2nd quarter. Garde Capital Inc. now owns 100,500 shares of the financial services provider’s stock worth $1,131,000 after purchasing an additional 1,000 shares in the last quarter. Aspiriant LLC grew its stake in Goldman Sachs BDC by 9.5% during the 2nd quarter. Aspiriant LLC now owns 11,500 shares of the financial services provider’s stock worth $129,000 after buying an additional 1,000 shares during the last quarter. Finally, Atria Wealth Solutions Inc. increased its position in Goldman Sachs BDC by 4.9% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 22,052 shares of the financial services provider’s stock valued at $254,000 after buying an additional 1,022 shares in the last quarter. Institutional investors own 28.72% of the company’s stock.

Insiders Place Their Bets

In other Goldman Sachs BDC news, CEO Vivek Bantwal purchased 22,000 shares of Goldman Sachs BDC stock in a transaction that occurred on Friday, September 12th. The stock was bought at an average price of $11.36 per share, with a total value of $249,920.00. Following the acquisition, the chief executive officer owned 22,000 shares of the company’s stock, valued at $249,920. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

GSBD has been the subject of several recent analyst reports. The Goldman Sachs Group set a $9.75 price target on Goldman Sachs BDC in a report on Friday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Goldman Sachs BDC in a research note on Thursday. Zacks Research upgraded shares of Goldman Sachs BDC from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. Finally, Wells Fargo & Company decreased their price target on shares of Goldman Sachs BDC from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Monday, November 10th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Goldman Sachs BDC presently has an average rating of “Sell” and a consensus price target of $9.38.

Goldman Sachs BDC Trading Up 0.7%

Shares of Goldman Sachs BDC stock opened at $9.68 on Tuesday. The firm has a fifty day moving average price of $10.07 and a 200 day moving average price of $10.94. The stock has a market cap of $1.10 billion, a PE ratio of 7.68 and a beta of 0.75. Goldman Sachs BDC, Inc. has a 1 year low of $9.35 and a 1 year high of $13.44. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.50 and a quick ratio of 1.50.

Goldman Sachs BDC (NYSE:GSBD) last issued its earnings results on Thursday, November 6th. The financial services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. Goldman Sachs BDC had a return on equity of 13.95% and a net margin of 36.17%.The firm had revenue of $91.60 million for the quarter, compared to the consensus estimate of $88.16 million. Equities research analysts predict that Goldman Sachs BDC, Inc. will post 2.19 earnings per share for the current year.

Goldman Sachs BDC Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 27th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 13.2%. The ex-dividend date of this dividend is Wednesday, December 31st. This is an increase from Goldman Sachs BDC’s previous quarterly dividend of $0.04. Goldman Sachs BDC’s dividend payout ratio is currently 110.34%.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities.